“You Need To Prepare For What’s Coming” – Cathie Wood Bitcoin Prediction

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ARK Invest CEO & Founder Cathie Wood believes that Bitcoin is going to go from being worth $700 billion dollars today to a 20 trillion dollar asset.

That would be a 30x increase in price from current levels and would equate to 1 Bitcoin being worth 1.3 Million dollars. Insane.

In her latest interview, Cathie breaks down the 3 revolutions and opportunities happening in the crypto space.

The first is the money revolution which is dominated by Bitcoin.

Bitcoin will win because it is simply a better form of money than what we have.

Make sure to stick around to the end of the video where Cathie breaks down the opportunity she believes is even bigger than Bitcoin and crypto over the next 5-10 years.

Cathie Wood Bitcoin Prediction – “You Need To Prepare For What’s Coming”

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We do believe when the SEC uh approves a spot Bitcoin ETF in the US and we think it’s close and we hope to be among those approved uh that that will be key that will be a seal of approval for institutions to diversify into a new asset Class [Applause] Kathy Wood gives us an update on the pending Bitcoin ETF approvals which could be as early as January 8th Cathy’s bullish prediction for bitcoin’s value as an asset class will Surge from $700 billion today to $20 trillion that’s over 30X the current value and will place bitcoin’s price at over a million

Dollar the SEC is actively reviewing multiple applications for this ETF thanks to Black Rock’s significant influence there’s an increasingly strong belief that in the not too distant future we’ll witness the approval of at least one Bitcoin spot ETF this would mark an historic milestone for the Bitcoin Community a moment many have

Been eagerly awaiting for well over a decade AR invest CEO Kathy Wood highlights the decentralized and transparent nature of the Bitcoin Network making manipulation highly unlikely let’s get right into the interview with Cathy wood don’t forget to hit the like button and subscribe if you enjoy the content we do here on this

Channel we think in the in the crypto space for example there are three revolutions taking place a money Revolution a financial services Revolution and uh a digital asset property rights Revolution and they’re all big uh the biggest one though is the money Revolution that’s Bitcoin uh because it’s the first Global digital

Decentralized uh private no government oversight rules-based critical monetary system in history uh we think that’s a 20 trillion idea by 20 30 and right now I believe uh Bitcoin is valued in the marketplace at roughly 700 billion something around there so that’s a very big idea and many people in the

Developed world don’t understand how big it is because they are not growing up or living in an Emerging Market which is going through hyperinflation and which is destroying purchasing power and wealth so it’s really taking root there with the exception of the regional banking crisis and something very unusual happened during the regional

Banking crisis to bitcoin and to other crypto assets um typically Bitcoin and crypto generally are risk on assets you know they they tend to do very well in an overall bullish environment uh what happened during the Regional Bank crisis we had the Regional Bank index here in

The United States imploding we had Banks going bankrupt and Bitcoin went up from 19,000 uh up nearly 50% and uh we thought wow this is proof positive that Bitcoin is also a riskof asset what does that mean it means there’s no counterparty risk unlike in the banking system we’ve got a very decentralized

Transparent network no you can you can see all the activity taking place by IP address no counterparty risk uh so a very big idea now artificial intelligence has has taken uh a lot of the oxygen out of the room in terms of discussions out there AI is the biggest

Catalyst to all of the Innovation taking place out there right now so we have centered our research and investing around five major Innovation platforms uh they are robotics energy storage artificial intelligence blockchain technology and multiomic sequencing in the life science base um if uh we we have a scoring system that

Measures which Technologies are the biggest catalysts to The Accelerated rate of growth of other Innovations in other words there are convergences taking place between and among Technologies AI is the biggest Catalyst it scores you know top of the Heap and we think that every company will have to

Harness it or lose out competitively either cost structure wise or new products and services wise the other side of this is trying to figure out who are going to be the biggest beneficiaries of this absolute boom in Innovation and um we think the biggest opportunity out there in the next 5 to

10 years is is uh uh uh autonomous autonomous taxi platforms many people call them uh Robo taxis and we think that could scale from essentially nothing today to a an8 to10 trillion dollar Revenue globally including China in the next 5 to 10 years and I know a

Lot of people say no way you see Cruise automation or Crews here in the United States owned by GM had to basically shut down its autonomous and GM pulling away this often happens with new Innovations and you see players who should stay in the market pulling out just saying this

Is never going to happen and then all of a sudden you know it happens and they’re not there Kathy Wood also discusses the widespread anticipation of the Bitcoin ETF with investors emphasizing the importance of digital wallets the crypto Community eagerly awaits further developments as these analyses and the

SEC decision on the bit coin ETF are likely to have significant impacts on the Market’s Direction in the days and weeks ahead we think Tesla is the biggest a is is um uh performing the biggest AI project in the world uh and we think it’s in the poll position here

In the United States to get uh what will be a winner take most uh opportunity in the robo taxi space and the interesting thing about that is that will redefine how people think about Tesla right now they think about it as an electric Vehicle Manufacturer uh that’s a low margin

Business it’s in the gross margin category it’s um some players are as low as 10 or single digits in in China uh and Tesla’s we think Tesla will get on the EV side to a 30% gross margin if autonomous is the next big play here then that’s a sad model software as a

Service model and the gross margins there are in the 80% plus it will redefine what Tesla is doing completely and so Tesla is doing what Apple did in redefining the the wireless space um it de developed its own chip the only cell phone manufacturer to devel design its

Own chip and today it’s number one in the smartphone market computer in your pocket marcket the others did not Define the market that way Tesla is doing the same thing only company to design its own chip and it is redefining uh the mobility Market into autonomous Mobility

Technology is collapsing if you look at artificial intelligence uh or yeah AI training costs they’re dropping 70% per year and just to put some color into that uh if chat gep PT had been if that model had been developed in 2015 5 years before it actually was it

Would have cost about $500 million to develop it in 2020 when it was developed it cost only 4.5 million do today it would cost 200,000 or less and the costs continue to fall so the the the other thing that’s happening with AI in particular is uh we’re talking about

Large language models and natural language processing all of us can do that all of us speak natural languages so we all could become prompt Engineers uh if we just prep a bit and use platforms like repet to help us program repet does 80% of the work with artificial intelligence itself so I

Think access is going to increase and this network of V sees funding you know the companies in the valley that uh that is going to be an old model there are Innovation centers springing up around the world uh we moved to St Petersburg Florida in uh two years ago because we

Saw that it was a fertile place for Innovation and we wanted to make a difference and attract tech companies there and that is happening it’s happening all over the US it’s happening around the world when I visit uh the world there’s such an appetite to learn about Innovation and uh and policy makers

Understand if they don’t do something about this they’re going to be uh losing out competitively and leaving you know high value ad positions to other countries so we’re seeing interestingly regulatory Arbitrage taking place to give an example blockchain technology the US from a regulatory point of view

Has been terrible the EU has been much better in terms of clear regulations uh as opposed to the us all muddled and confused so a lot of talent has moved to into Europe and and actually some of the products they’re building they won’t even let us uh users

Use because we we are we live in this regulatory regime so I think there’s going to be regulatory competition and kudos to to Europe for being much clearer in that way Europe is though very complicated this is why we entered the market with a partner the different languages the nuances and regulations in

The different countries there may be you know EU regulation but then there’s country by country and then of course Very importantly uh uh relationships so there’s a lot to overcome but again the the barriers to entry are dropping Kathy Wood points out with real money now flowing in she emphasizes that the

Crypto Market has become more significant than ever institutional investors are driving the price of cryptocurrency which will yield massive gains in the next 3 months wood believes this will underscore bitcoin’s enduring relevance as an asset and as a hedge against currency devaluation she anticipates that BTC will continue its

Parabolic run right into the harving of 2024 Kathy Wood’s main focal points this year has also been the movement in crypto legislation in the house signaling the growing interest in the crypto space although crypto legislation might face challenges due to political opposition wood advises the company in

Which she invests to spend heavily now in order to take advantage of huge growth potential she estimates that arc’s concentration on technology advancement is worth about 7 to8 trillion or less than 10% of global equities markets Emerging Markets are relying on digital currency and Cathy believes that based on the current

Market Outlook decentralized finance will take over and usurp the roles of most financial services companies today they’ll be able to offer lower rates to Savers and higher rates to borrowers what do you think of Kathy Wood’s interview on The Current financial Market comment down below thanks so much

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